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HB 20-1298

  • Colorado House Bill
  • 2020 Regular Session
  • Introduced in House Feb 13, 2020
  • House
  • Senate
  • Governor

Treat Economic Development Income Tax Credits Differently

Abstract

Current law allows the Colorado economic development commission to allow, subject to an annual maximum program amount, certain businesses that make a $100 million strategic capital investment in the state, and subject to the requirements of the specified income tax credits, to treat any of the following income tax credits allowed to the business as either carry forwardable for a 5-year period or transferable: Colorado job growth incentive tax credit; Enterprise zone income tax credit for investment in certain property; Income tax credit for new enterprise zone business employees; and Enterprise zone income tax credit for expenditures for research and experimental activities. This bill extends this program for another 3 years. (Note: This summary applies to this bill as introduced.)

Bill Sponsors (4)

Tracy Kraft-Tharp

  • Democratic
  • lower
  • 29
Primary

Daneya Esgar

  • Democratic
  • lower
  • 46
Primary

Leroy Garcia

  • Democratic
  • upper
  • 3
Primary

Jack Tate

  • Republican
  • upper
  • 27
Primary

Votes


No votes to display

Actions


Mar 11, 2020

House

House Committee on Business Affairs & Labor Refer Unamended to Finance

  • Referral-Committee
Business Affairs & Labor Finance

Feb 13, 2020

House

Introduced In House - Assigned to Business Affairs & Labor + Finance + Appropriations

  • Introduction
Appropriations Business Affairs & Labor Finance

Bill Text

Bill Text Versions Format
Introduced (02/13/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/10/2020) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.